Principal Financial Group Inc. Makes New Investment in Intapp, Inc. (NASDAQ:INTA)

Principal Financial Group Inc. purchased a new stake in Intapp, Inc. (NASDAQ:INTA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,539 shares of the company's stock, valued at approximately $291,000.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company's stock worth $28,000 after buying an additional 527 shares during the period. Harbor Capital Advisors Inc. raised its stake in Intapp by 7.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,539 shares of the company's stock worth $265,000 after purchasing an additional 373 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Intapp in the 3rd quarter valued at about $2,330,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Intapp during the 3rd quarter worth approximately $5,043,000. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Intapp by 27.6% during the third quarter. TimesSquare Capital Management LLC now owns 545,160 shares of the company's stock worth $26,075,000 after purchasing an additional 117,795 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Intapp Stock Performance

Shares of INTA traded up $1.79 during trading hours on Tuesday, reaching $59.00. The stock had a trading volume of 783,907 shares, compared to its average volume of 718,168. Intapp, Inc. has a 12 month low of $30.36 and a 12 month high of $77.74. The stock has a market capitalization of $4.68 billion, a PE ratio of -203.44 and a beta of 0.77. The company's 50-day moving average is $67.62 and its two-hundred day moving average is $58.90.

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Intapp (NASDAQ:INTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.25). Intapp had a negative return on equity of 1.86% and a negative net margin of 4.78%. Equities analysts anticipate that Intapp, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Intapp

In other news, insider Thad Jampol sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $61.85, for a total value of $1,237,000.00. Following the completion of the sale, the insider now directly owns 828,197 shares of the company's stock, valued at $51,223,984.45. This represents a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John T. Hall sold 70,986 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $68.83, for a total value of $4,885,966.38. Following the completion of the sale, the chief executive officer now directly owns 5,026,096 shares of the company's stock, valued at $345,946,187.68. The trade was a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 234,109 shares of company stock valued at $15,778,781. Corporate insiders own 13.02% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on INTA. JPMorgan Chase & Co. increased their price target on Intapp from $58.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Citigroup reissued a "neutral" rating and set a $78.00 target price (down from $87.00) on shares of Intapp in a report on Thursday, January 16th. Barclays boosted their price target on Intapp from $63.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Piper Sandler reaffirmed an "overweight" rating and set a $71.00 price objective (up previously from $60.00) on shares of Intapp in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus raised their target price on shares of Intapp from $70.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Intapp currently has a consensus rating of "Moderate Buy" and an average price target of $66.45.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.